What is the difference between a positive and a normative statement?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q145: What is the difference between a factor
Q146: Define normative statement.Give an example.
Q147: Which form of efficiency stresses the production
Q148: Suppose two identical economies with the same
Q149: What is the difference between productive and
Q151: Productivity refers to which type of efficiency?
Q152: Suppose both Alpha and Beta has 10
Q153: Explain why voluntary trade is mutual beneficial.
Q154: Define economics.
Q155: Given the following production possibility curve.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents